Bank Nifty Weekly Analysis

Bank Nifty Hourly

Bank Nifty is approaching the resistance line of hourly chart suggesting breakout/breakdown is on cards. Break of 20100 suggests bank nifty can move towards 20800/21000. Any break below 19800 can see move towards 19300/19500.

Bank Nifty Hourly EW Daily

Hourly Elliot wave analysis is shown,20100 will play crucial role next week for the count mentioned above to work.

Bank Nifty EW Daily

We have been adovating the same in past week analysis This current dip should be used to start taking exposure to banking stocks as still higher targets are pending. Hope traders are rewarded.

Bank Nifty Gann Box

Weekly chart has just close around the yellow line and closing above the same bank nifty is heading towards 21K. Like we discussed last week Gann Box suggests big move is round the corner.

Bank Nifty Gann Dates

Nifty As per time analysis 04 March is Gann Turn date , except a impulsive around this dates. Last week we gave 24 Feb/28 Feb Day and Bank Nifty saw a volatile move on both the days .

Bank Nifty Weekly

Bank Nifty Weekly chart from past 3 weeks is trading around the middle line of Andrew Pitchfork and unable to give the swift move as we were expecting. Yesterday it closed above it holding the same upmove can be expected till 20500 else a cool off towards 19500. Time Analysis also shows we are in sideways move time cycle.